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Yelp price target raised to $80 from $50 at Jefferies

– 2 hours ago @ seekingalpha.com: Jefferies has raised its Yelp ( YELP +3.5% ) PT to $80 from $50. The firm asserts Yelp’s “breadth, depth and penetration of content is very hard to replicate,” and remains the company’s “core competitive advantage.” Concerns about intensified competition from Facebook and Google has pressured Yelp’s shares more than once. But as the company’s Q3 metrics demonstrate – cumulative reviews, monthly …

– 2 hours ago @ foxbusiness.com: Yelp Inc. shares rose 4%, to $65.25 Tuesday as Jefferies analyst Brian Fitzgerald hiked his price target on the company’s stock to $80 a share from $50.

– 1 week ago @ thestreet.com: As part of the company’s earnings, Yelp announced it would be doing a secondary offering, raising about $250 million in Class A common stock to help shore up its balance. Its underwriters have the option to purchase an additional $37.5 million in shares.

– 6 hours ago @ streetinsider.com: “We continue to believe Yelp’s breadth, depth and penetration of content is very hard to replicate and is the company’s core competitive advantage against other players trying to enter this market,” the team said. The firm trimmed Q4 EPS from $0.02 to …

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Mystic Maggie

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